£549,118
This estimated value is based upon the latest sale price for the house of £285,000 on 27 Aug 2004. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £285,000 | 27 Aug 2004 |
| £171,500 | 29 Jun 2001 |
| £105,000 | 30 Jun 1997 |
| Detached |
| Freehold |
| Floor Area: 114 sq meters or 1,227 sq feet |
This model uses changes in the Official Land Registry House Price Index for WEST MIDLANDS to estimate the market value.
When this house was purchased in August 2004 the House Price Index for WEST MIDLANDS was 77.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 92.673%.Applying this 92.673% change to the original purchase price of £285,000 results in an estimated price of approximately £549,118.
| 27 Aug 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 77.1 | 148.6 | 92.673 % | £285,000 | £264,118 | £549,118 |
The Postcode Pricing Model uses changes in average sales price within the DY9 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 28.328 % | £80,734 | £365,734 |
| 3 Month Average | 42.405 % | £120,853 | £405,853 |
| 6 Month Average | 65.728 % | £187,324 | £472,324 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Jun 2023 | £159,937 | £158,000 | FLAT 8 LANSDOWNE COURT HAGLEY ROAD |
| 31 Mar 2023 | £156,474 | £155,000 | FLAT 7 LANSDOWNE COURT HAGLEY ROAD |
| 15 Oct 2021 | £453,656 | £410,000 | 9 ROUND HILL AVENUE |
| 3 Sep 2021 | £167,027 | £155,000 | FLAT 1 LANSDOWNE COURT HAGLEY ROAD |
| 4 Aug 2021 | £242,089 | £217,000 | FLAT 7 WYCHBURY GRANGE, 284 HAGLEY ROAD |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 7 Apr 2015. Using an estimated price of £549,118 means this house is valued at £4,816 per sq meter (£447 per sq foot).
The average size of a house on PEDMORE LANE is 141 sq meters (1,522 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Parish Gardens |
| Mar 2024 | Vehicle crime | Under investigation | On or near Bank Farm Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near St Peter'S Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near St Peter'S Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Greenroyde |